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BHP shares head for worst day in months on Jansen project cost overruns

BHP offices

Photo by Bloomberg

19th June 2026

By: Reuters

  

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Shares of BHP Group slid on Friday after the world's largest listed miner flagged cost overruns at its Jansen Stage 2 potash project in Canada and disclosed a $2.3 billion charge.

The Melbourne-based company's stock fell as much as 4.4% to A$62.21, putting it on track for its worst session since March
9.

The stock also hit its lowest level since June 12.

In a statement late on Thursday, BHP raised the estimated investment for the project's second stage to $6.9-billion from
$4.9 billion.

The latest revision marks the third time BHP has exceeded cost and timeline estimates across the two stages of the project, underscoring a fresh setback to its decade-long strategy to diversify beyond copper and iron-ore.

The miner also said the revised costs will result in an impairment charge of about $2.3-billion for the potash project.

Edited by Reuters

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